Fintech News

JULY 17, 2024

This decrease suggests that the anti-money laundering (AML) programmes of centralised exchanges are becoming more effective at detecting and mitigating laundering activity. Singapore’s Payment Services Act (PSA) brings crypto businesses under regulatory oversight, imposing strict AML/CFT requirements.

Money Laundering 109

Money Laundering Law Enforcement AML Non-Bank 109

Segpay

MARCH 24, 2025

By comparing the Australian legal e-gaming and e-gambling landscape with that of the USA, we want to make it easier to understand for our readers who are familiar with US regulations. Australia and the USA have similar compliance and AML goals, but differ in frameworks, enforcement agencies, and approaches. billion by 2034.

Compliance 71

Compliance Suspicious Activity Report (SAR) Fincen AML 71

Neopay

JULY 18, 2024

The Regulation recasts Regulation (EU) 2015/847 and brings the EU’s legal framework in line with the Financial Action Task Force (FATF)’s standards by extending the obligation to include information about the originator and beneficiary to CASPs – the so-called ‘travel rule’. The amending Guidelines will apply from 30 December 2024.

Travel Rule 52

Travel Rule Money Laundering Rules Finance 52

Fintech Review

MAY 1, 2025

No matter how disruptive a fintech platform is, it must operate within legal frameworks that are evolving rapidly. These include anti-money laundering (AML) rules, know your customer (KYC) checks, data privacy requirements, cybersecurity protocols, and financial reporting obligations. It is no longer enough to innovate.

Compliance 59

Compliance Regulations FinTech Payment APIs and Integration 59

Neopay

NOVEMBER 27, 2023

These Guidelines aim at forging a common understanding to ensure the consistent application of EU law as well as a stronger anti-money laundering and countering the financing of terrorism (AML/CFT) regime. The consultation runs until 26 February 2024.

Money Laundering 52

Money Laundering Consulting Finance Travel Rule 52

Neopay

JULY 18, 2024

Europe, for example, continues to lead in the implementation of stringent AML regulations. The European Union’s 6th Anti-Money Laundering Directive (6AMLD) has enhanced the legal framework, increasing penalties and expanding the scope of predicate offenses.

Money Laundering 52

Money Laundering AML Crime Cryptocurrency 52

The Paypers

SEPTEMBER 19, 2018

(The Paypers) The Fifth Anti-Money Laundering Directive (MLD5) entered into force in July 2018 and updates the legal framework under the Fourth Anti-Money Laundering Directive (MLD4).

Legal Framework 28

Legal Framework Money Laundering AML Cryptocurrency 28

The Paypers

SEPTEMBER 11, 2020

The European Banking Authority (EBA) has published its response to a European Commission’s call for advice on how to strengthen the EU legal framework on anti-money laundering and countering the financing of terrorism (AML/CFT).

Money Laundering 28

Money Laundering Legal Framework Finance AML 28

PYMNTS

JUNE 10, 2020

COVID-19’s spread and related lockdowns have highlighted the need for legal reform in this area. Florida was one of the few states that had legalized RON services prior to the initial outbreak. RON services were legal in 23 U.S. states in March and are now legal in 43.

Legal 52

Legal Money Laundering On-Demand Legal Framework 52

Stax

JANUARY 15, 2024

Failure to comply with its policy frameworks can have severe consequences— legally and financially. In the following sections, we’ll delve into the legal framework, compliance standards, and best practices to navigate the complexities of surcharging. Swipe fees have doubled in a decade and increased by 20% since 2022.

Credit Cards 88

Credit Cards PCI DSS Compliance Process 88

PYMNTS

DECEMBER 2, 2016

placed a strong supervisory focus on the casino sector in recent years, the lack of comprehensive AML/CFT supervision for other designated nonfinancial businesses and professions is a significant supervisory gap,” contends the FATF. “While the U.S. Fundamental improvements are needed in these areas.”.

Money Laundering 40

Money Laundering Legal Framework AML Volume 40

CoinRemitter

JUNE 30, 2024

Legal and Regulatory Challenges of DAOs Legal Status: Current legal frameworks struggle to categorize DAOs. Anti-Money Laundering (AML) and Compliance: Since some blockchains allow users to remain anonymous, they can easily engage in money laundering activities. This creates confusion.

Governance 40

Governance Government Blockchain Money Laundering 40

Segpay

APRIL 1, 2025

While their goals align, their approaches and legal frameworks differ. Regulatory Frameworks In the United Kingdom, the Online Safety Act passed into law on 26 October 2023. Governments worldwide have become aware of the need to protect minors from accessing age-restricted content, products and services.

Verification 45

Verification Regulations Privacy Online and Mobile Banking 45

PYMNTS

AUGUST 20, 2018

Said prosecutors in their own document announcing the charges: “Burrell’s activities ‘blew a giant hole’ through the legal framework of U.S. In another allegation against Burrell, he evaded reporting requirements by attempting to smuggle as much as $1 million from Mexico into the U.S.

Money Laundering 41

Money Laundering Bitcoin Legal Framework Laws 41

Finovate

JANUARY 24, 2025

Many FIs need to significantly upgrade their payment processing systems to handle real-time transactions, which also need to uphold fraud detection and AML/CTF rules in real time. Shabi: Complying with the MiCA framework is the first thing that comes to mind when cryptocurrency and the EU are mentioned in the same sentence.

Regulations 72

Regulations FinTech BNPL Cross-Border 72

Clearly Payments

FEBRUARY 8, 2024

Its primary objectives encompass safeguarding consumers, maintaining financial stability, promoting market integrity, preventing fraud and security breaches, and ensuring legal compliance. Why Payment Regulation Exists Payment regulation exists for ensuring the integrity, stability, and equity within the payment ecosystem.

Regulations 105

Regulations Electronic Fund Transfer Act (EFTA) Federal Reserve Electronic Funds Transfer (EFT) 105

Segpay

MARCH 20, 2024

Banks must navigate a myriad of regulatory requirements, including GDPR, CCPA, PSD2, Basel III, and KYC/AML regulations, which impose strict requirements for data handling, consent management, and risk assessment.

AI 111

AI Privacy Non-Bank Fraud Detection 111

Fintech News

FEBRUARY 2, 2025

Digital financial services in Indonesia, Source: 2024 e-Conomy Report by Google, Temasek and Bain and Company, Nov 2024 Despite this strong growth, businesses in Indonesia are facing increasing regulatory oversight, especially in areas like anti-money laundering (AML) and know-your-customer (KYC) compliance. Under BI Regulation No.3/10/PBI/2001

AML 113

AML Due Diligence Money Laundering Legal Framework 113

The Payments Association

MAY 14, 2025

At The Payments Associations cross-border working group’s recent webinar, Rewiring the Cross-Border Payments Paradigm: Risk and Security in Correspondent Banking Confirmation , a panel of experts from fintech, banking, legal, and regulatory backgrounds explored how emerging tools and frameworks are reshaping the industry.

Cross-Border Payments 88

Cross-Border Payments Correspondent Bank Cross-Border Correspondent 88

Fintech News

MAY 29, 2025

Government-led regulation in Japan Similarly, Japan has taken a government-driven approach to stablecoin regulation, providing a clear legal framework that distinguishes stablecoins from other crypto assets.

Stablecoins 91

Stablecoins Regulations Issuers Digital Currency 91

The Fintech Times

APRIL 22, 2025

Both parties explored how Vietnam could establish a legal framework for crypto assets. The Minister emphasised the importance of robust compliance frameworks, including anti-money laundering (AML) and know your customer (KYC) protocols, to prevent the misuse of digital assets and support the country’s financial security.

Regulations 55

Regulations AML Legal Framework Money Laundering 55

Fintech Review

JANUARY 29, 2025

Clients seek assurance that their trading partner operates within strict legal frameworks, and this licence provides precisely that. The SCA Category 1 license confirms that Kama Capital operates under the most rigorous financial, compliance, and AML (Anti-Money Laundering) standards.

Innovation 52

Innovation Security Legal Framework AML 52